29 octobre 2018 | International, Aérospatial

Demand for New and Refurbished Aircraft and Need for Lightweighting Materials Fuel Aerospace Adhesives and Coatings Sector Growth

LONDON, Oct. 29, 2018 /CNW/ -- Current and evolving growth prospects in the global aerospace adhesives and coatings market look promising over the next six years. Frost & Sullivan's analysis forecasts the market to reach $1.90 billion by the end of 2024, driven by an increasing need for lighter materials, investment in technically advanced products, evolving regulations, and high-volume demand for new and refurbished aircraft.

"While manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency, customers are seeking out products that are easy to apply, highly durable, quick drying, lighter in weight, environmentally sustainable, and regulatory compliant," said Christeena Thomas, Senior Research Analyst,Chemicals and Materials, EIA at Frost & Sullivan.

For further information on this analysis, please visit http://frost.ly/2vs

Merger and acquisition activities are expected to continue, with global companies acquiring small manufacturers to access their products, technical competences, distribution channels, and customer bases. To gain a competitive advantage, Thomas recommends manufacturers invest in developing adhesive formulations that are superior in properties such as durability and UV resistance and compatible with multiple substrates while exhibiting reduced overall weight after application.

Key trends creating growth opportunities in the market include:

  • A boost in unmanned aerial vehicle demand in commercial, defence, and general aviation segments due to decreased technology costs
  • High demand for adhesives and coatings in the defence and aerospace segments in the Asia-Pacific and Rest of World countries with increased investments in domestic manufacturing and operations
  • Customer demands for newer, high-performance adhesives and coatings
  • Growth in defense spending in the aerospace sector due to changing global economic conditions
  • Growing demand for adhesive and coatings formulations that are compatible with robotic applications
  • Replacement of traditionally used heavy fasteners with lighter-weight adhesives

"Programs such as Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) in the European Union, US Environmental Protection Agency (EPA), and Federal Aviation Administration (FAA) are expected to increase the research and development and transaction costs that businesses incur when developing and distributing new types of chemical compounds," noted Thomas. "In addition, extensive testing, verification, and approval cycles delay product launches, resulting in significant time and costs for material suppliers."

Growth Opportunities in the Global Aerospace Adhesives and Coatings Market, Forecast to 2024 market intelligence identifies disruptive market and technology trends, drivers and restraints, market share and competitive analysis. Percent unit shipment forecast by technology, application, chemistry, and end-industry for Europe, North America, Asia-Pacific and Rest of World are also provided.

Growth Opportunities in the Global Aerospace Adhesives and Coatings Market, Forecast to 2024 is the latest addition to Frost & Sullivan's Visionary Science research and analysis available through the Frost & Sullivan Leadership Council, which helps organisations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

https://www.newswire.ca/news-releases/demand-for-new-and-refurbished-aircraft-and-need-for-lightweighting-materials-fuel-aerospace-adhesives-and-coatings-sector-growth-698876461.html

Sur le même sujet

  • La Suisse organise les essais d'évaluation pour son futur chasseur

    5 mars 2019 | International, Aérospatial

    La Suisse organise les essais d'évaluation pour son futur chasseur

    Helen Chachaty Le processus de remplacement des F-5 Tiger et des F/A-18 Hornet de l'aviation de chasse helvète bat son plein. Suite au lancement de l'appel d'offres en juillet 2018, l'agence d'acquisition d'armement armasuisse a réceptionné le 25 janvier dernier les offres de cinq industriels : Airbus, Boeing, Dassault Aviation, Lockheed Martin et Saab. Le contrat est estimé à 6,5 milliards d'euros et prévoit la livraison de 30 à 40 appareils entre 2025 et 2030. Prochaine étape : l'évaluation des aéronefs proposés, sur simulateur, au sol et en vol. Si l'évaluation sur simulateur se tiendra « chez les candidats », les essais au sol et en vol seront effectués directement en Suisse, sur la base aérienne de Payerne, au sud-ouest de Berne, entre le mois d'avril et le mois de juin prochain. Ils comprendront un total de huit missions « avec un ou deux avions », « sur quatre journées de vol », ainsi qu'un vol de nuit. «Ces essais permettront de vérifier les capacités de avions et les données fournies dans les offres soumises », précise le Département fédéral de la défense, de la protection de la population et des sports(DDPS). Le calendrier des évaluations a également été publié par le DDPS. C'est l'Eurofighter d'Airbus qui ouvrira le bal en avril, suivi du F/A-18 Super Hornet de Boeing fin avril-début mai. Dassault Aviation présentera le Rafale entre la mi-mai et la fin du mois. Le F-35A de Lockheed Martin volera les deux premières semaines de juin, suivi immédiatement après du Gripen E de Saab. Une synthèse des données collectées sera ensuite réalisée, un second appel d'offres est prévu en 2020, le choix final devrait être fait en 2022. https://www.journal-aviation.com/actualites/41963-la-suisse-organise-les-essais-d-evaluation-pour-son-futur-chasseur

  • The Fundamentals of Cloud Security Stress Testing

    8 mai 2024 | International, Sécurité

    The Fundamentals of Cloud Security Stress Testing

    The cloud promises agility, but opens a Pandora's box of cyber risks if not secured properly. Understand your responsibility under the shared responsi

  • Five Ways The Air Force's F-35A Fighter Is Becoming More Affordable To Operate

    28 juin 2021 | International, Aérospatial

    Five Ways The Air Force's F-35A Fighter Is Becoming More Affordable To Operate

    The Air Force's biggest program is making steady progress in meeting its sustainment objectives.

Toutes les nouvelles